Cement Americas

SPR 2018

Cement Americas provides comprehensive coverage of the North and South American cement markets from raw material extraction to delivery and tranportation to end user.

Issue link: https://cement.epubxp.com/i/959454

Contents of this Issue


Page 10 of 43

www.cementamericas.com • Spring 2018 • CEMENT AMERICAS 9 CEMENTSCOPE LafargeHolcim launched its new Strategy 2022 – Building for Growth, aiming to drive profitable growth and simplify the business to deliver resilient returns and attractive value to stakeholders. The new strategy will shift gears toward growth of the top and bottom line over the next five years. Over this period, the company commits to the following targets: • Annual Net Sales growth of 3 to 5 percent. Cemex Under DOJ Investigation The U.S. Department of Justice (DOJ) is investigating pay- ments made by Cemex related to the construction of a plant in Maceo, Colombia, to determine whether the com- pany violated federal bribery laws, according to multiple media sources. Cemex said in a filing last month that it had received a fed- eral grand jury subpoena related to the Colombian project. In September 2016, the company dismissed the vice pres- ident for planning and the general attorney for its Lat- in America and Colombian units after an internal probe uncovered improper payments of around $20 million were made to a non-government individual for land and mining rights, and access to a tax-free benefit zone that included the site of the plant. Carlos Jacks, the chief executive of Cemex Latam Holdings resigned at the same time. In December 2016, Cemex said it received a subpoena from the U.S. Securities Exchange Commission (SEC) for informa- tion to determine whether the company had violated the Foreign Corrupt Practices Act. Cemex said it would cooperate fully with the investigation. It could not predict the duration, scope or outcome of the investigation or any others that may arise. LafargeHolcim Looks at Strategy 2022 to Drive Growth

Articles in this issue

Links on this page

Archives of this issue

view archives of Cement Americas - SPR 2018